In 2022, global market size for set-top box was over USD 20 billion and will grow at over 5% CAGR from 2023 to 2032, driven by surging adoption of set-top boxes in commercial sector globally.
Based on type, satellite set-top box industry size will be over USD 10 billion by 2032, on account of increasing demand for high-quality video content, specifically in rural and remote areas with limited cable and internet access.
North America market size from set-top box is poised to be over USD 5 billion by 2032, owing to growing broadband and internet penetration in the region.
Some of the prominent set-top box business players are Sumitomo Electric Industries, Ltd., Technicolor S.A., Skyworth Digital Co., Ltd, TechniSat Digital GmbH, Zinwell Corporation, and Kaon Media Co., Ltd., among others.